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BitMine Hits $250M Staking Revenue Milestone with 5.815M ETH

Guavy AI Editorial Team
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ETH
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BitMine's Ethereum staking engine has reached a significant milestone, holding 5.815 million ETH, roughly 4.8% of the total Ethereum supply.

This figure represents a modest increase from the past week, with BitMine adding 9,926 ETH to its treasury.

The most notable aspect is that BitMine has staked over 87% of its Ethereum holdings, approximately 5.067 million ETH, which translates to around $250 million in projected annualized staking revenue.

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